Echotitbits – Nigeria News

Tag: NLNG

  • Cooking Gas Prices Hold Around ₦1,000/kg as Supply Improves

    Cooking Gas Prices Hold Around ₦1,000/kg as Supply Improves

    Details shared by The Punch indicate liquefied petroleum gas (LPG) prices have steadied at about ₦1,000 per kilogram in several major cities, after months of volatility.

    Industry sources linked the stability to improved supply conditions and more dependable local output, which has reduced pressure from imports.

    Marketers, however, warned that distribution costs—driven by logistics challenges and diesel prices—remain a risk factor.

    **Echotitbits take:** Stable LPG pricing is a meaningful relief for households and small businesses. The next test is infrastructure: without better distribution networks and cheaper logistics, price stability can quickly unravel.
    Source: The Punch — https://punchng.com/cooking-gas-stabilises-around-n1000-kg-as-supply-improves/ 2026-01-08

    Photo Credit: Punch Newspapers.

  • Nigeria’s gas supply rises in November as regulator cites higher plant utilisation

    Nigeria’s gas supply rises in November as regulator cites higher plant utilisation

    Photo Credit: The Punch
    2025-12-14 00:10:00

    According to The Punch, Nigeria’s average daily gas supply climbed to 4.684 billion standard cubic feet per day in November 2025, up from October levels, based on operational data released by the NMDPRA.

    The regulator attributed the improvement to higher utilisation across major processing hubs and steadier volumes, including export supply from Nigeria LNG in Bonny.

    Rising gas supply can support power generation and industrial activity, but sustained gains will depend on infrastructure reliability and getting gas to priority domestic users.

    MoneyCentral reported the factsheet shows domestic gas supply “hit 4.684 billion standard cubic feet per day (Bscf/day).” The Punch similarly stated the figure was “4.684 billion standard cubic feet per day” for November.

    Echotitbits take:
    The next test is whether higher volumes translate into better electricity and industrial output—not just export stability. Watch monthly NMDPRA data, NLNG feedgas stability, and any pipeline constraint updates.

    Source: The Punch — December 14, 2025 (https://punchng.com/gas-supply-improved-in-nov-says-nmdpra/)
    The Punch 2025-12-14

  • NLNG: High Gas Prices Forcing Poor Nations Back to Coal

    NLNG: High Gas Prices Forcing Poor Nations Back to Coal

    NLNG MD Philip Mshelbila warns that high global gas prices are pushing many developing countries back to coal, undermining climate goals. He says affordability must be addressed alongside decarbonisation or poorer nations will stay on high-emissions paths.

    PUNCH, 11 Dec 2025

  • NLNG: High Gas Prices Forcing Poor Nations Back to Coal

    NLNG MD Philip Mshelbila warns that high global gas prices are pushing many developing countries back to coal, undermining climate goals. He says affordability must be addressed alongside decarbonisation or poorer nations will stay on high-emissions paths.

    PUNCH

    11 Dec 2025

  • House of Rep to investigate $1.05 billion withdrawals from NLNG account

    House of Rep to investigate $1.05 billion withdrawals from NLNG account

    The house of Representatives has resolved to investigate alleged illegal withdrawals from the Nigerian Liquefied Natural Gas (NLNG) dividends account by the management of the Nigerian National Petroleum Corporation NNPC.

    The House’s resolve was sequel to a motion by a member from Delta State Mr Ndudi Elumelu during plenary.

    Elumelu stated that the dividends from the NLNG are supposed to be paid into the consolidated revenue funds account of the federal government and to be shared among the three tiers of government.

    The lawmaker said without due consultation with the states and the mandatory appropriation from the National Assembly, the NNPC illegally tampered with the dividends account to the tune of $1.05 billion.

    According to him, there was no transparency in the extra budgetary spending as only the group managing director and the corporation’s chief financial officer has the
    knowledge of how the funds were spent.

    He expressed concern that there are no records showing the audit and recovery of accrued funds from the NLNG dividends account.

    Adopting the motion, the house mandated its Committee on public account to invite the management of NNPC and that of NLNG to conduct a thorough investigation and report back in four weeks.